ORDER

1. The assessee has filed the present appeal against the impugned order dated 10.11.2025, passed under section 250 of the Income Tax Act, 1961 (“the Act”) by the learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi [“learned CIT(A)”], for the assessment year 2020-21.

2. The solitary grievance of the assessee is against the disallowance made under section 14A read with Rule 8D of the Income Tax Act Rules, 1962 (“the Rules”).

3. The brief facts of the case pertaining to this issue, as emanating from the record, are: The assessee is a retailer of home improvement and building products. For the year under consideration, the assessee filed its return of income on 30.01.2021, declaring a total income of Rs. 34,08,79,540/-. The return filed by the assessee was selected for scrutiny, an assessee notices under section 143(2) and section 142(1) of the Act were issued and served on the assessee. During the assessment proceedings, it was noticed that the assessee has made investments in unquoted equity of subsidiary companies amounting to Rs. 48.37 crore. It was further observed that the assessee has claimed expenses on account of finance cost a